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Australia is officially in its first recession in 29 years. The feeble state of its economy is undeniable.

Getty Images / Saeed KHAN / AFP Australian Treasurer Josh Frydenberg confirmed the country is in a recession on Wednesday. The acknowledgment comes after the first qua.....»»

Category: topSource: businessinsider21 min. ago Related News

Market Extra: Stock-market investors are eager to rotate into unloved sectors, but they should look before they leap

Sectors of the economy left behind as the COVID-19 pandemic shut down the economy are showing signs of life, but investors should proceed with caution, says one top fund manager......»»

Category: topSource: marketwatch51 min. ago Related News

Outside the Box: Lower-income Americans threw the economy a lifeline during the pandemic

Middle- and upper-income consumers went into a bunker mentality and curtailed spending. That wasn’t the case with those who had less money......»»

Category: topSource: marketwatch3 hr. 21 min. ago Related News

Rising stay-at-home economy results in USB chip shortages

Owing to the uprising stay-at-home economy, Taiwan-based chip suppliers have seen increased orders from clients for USB chips used in peripherals such as earphones, microphones and PC cameras, causing tight supply to the chips at the moment......»»

Category: topSource: digitimes4 hr. 20 min. ago Related News

Home prices in April saw biggest gain in 2 years, but they"re expected to drop by next year

Home sales may have slowed to a trickle, as much of the national economy shut down in the face of the coronavirus pandemic, but home prices did just the opposite......»»

Category: realestateSource: cnbc6 hr. 50 min. ago Related News

4 Blue Chips That Lived Up To Their Title During the Pandemic

The COVID-19 coronavirus pandemic is an unprecedented crisis that put the economy into a virtual s.....»»

Category: blogSource: benzinga19 hr. 6 min. ago Related News

US stocks climb as investors look past civil unrest to the economy reopening

Reuters / Lucas Jackson US stocks rose Tuesday as investors looked past nationwide civil unrest to encouraging signs of an economic reopening.  Equity futures slipped initially in overnight trading after President Do.....»»

Category: topSource: businessinsider19 hr. 21 min. ago Related News

With the US plunging into chaos and one-in-four American workers out of a job, Trump lacks a clear plan to revive the economy

Associated Press The Trump administration still lacks a clear plan to revitalize the economy and put people back to work as the nation plunges into further turmoil. Over 40 milli.....»»

Category: topSource: businessinsider19 hr. 36 min. ago Related News

Key Words: U.S. government is making ‘the most fundamental error we could make at this moment,’ warns Republican economist

“To focus on the budgetary impact at the expense of the economy is the most fundamental error we could make at this moment. I think we’re making it,” says Douglas Holtz-Eakin on Tuesday to the Senate Banking Committee......»»

Category: topSource: marketwatch21 hr. 6 min. ago Related News

The Tell: These 2 charts show why record-high stock valuations shouldn’t worry investors

Worrying over price-to-earnings ratios has been near constant phenomenon for a generation, and they are not as high as one might think in light of recent changes to the American economy......»»

Category: topSource: marketwatch21 hr. 6 min. ago Related News

The US economy could take nearly a decade to recover from the coronavirus pandemic, according to the CBO

Bill Tompkins/Getty The Congressional Budget Office on Monday lowered its projection for 2020-2030 US ec.....»»

Category: topSource: businessinsider22 hr. 51 min. ago Related News

Need to Know: Trump use of military to quell protest could stop rebounding markets and economy in their tracks, warns influential economist

Our call of the day from economics professor Tim Duy says a threat by President Trump to send troops to the streets of the U.S. could backfire badly for equities......»»

Category: topSource: marketwatchJun 2nd, 2020Related News

Demand Hell? Apple Slashes iPhone Prices In China Ahead Of Major Online Shopping Event

Demand Hell? Apple Slashes iPhone Prices In China Ahead Of Major Online Shopping Event Tyler Durden Tue, 06/02/2020 - 08:45 Apple is slashing prices of its iPhones in China as the country's economy work.....»»

Category: smallbizSource: nytJun 2nd, 2020Related News

The French economy will shrink 11% this year in a "brutal" recession after the country imposed one of Europe"s harshest pandemic lockdowns

Pierre Suu via Getty.....»»

Category: topSource: businessinsiderJun 2nd, 2020Related News

Riots put brakes on US economy"s coronavirus recovery

The riots that follow George Floyd's death will have a negative impact on the US economy......»»

Category: topSource: foxnewsJun 2nd, 2020Related News

Stock futures trade higher as violent protests continue across the US

The violence and damage to property may hinder the re-opening of the economy.....»»

Category: topSource: foxnewsJun 2nd, 2020Related News

Apple Cuts iPhone Prices in China To Push Sales As Country Reopens Economy

Apple Inc. (NASDAQ: AAPL) has cut prices on the latest iPhone models in China. read more.....»»

Category: blogSource: benzingaJun 2nd, 2020Related News

Warning of ‘green swan’ risks, climate group Ceres and bipartisan supporters lay out 50-step plan for markets and regulators

A new report outlines how and why U.S. financial regulators, who are responsible for protecting the stability and competitiveness of the U.S. economy, need to recognize and act on climate change as a systemic risk.....»»

Category: topSource: marketwatchJun 1st, 2020Related News

Hawaii could lose 30K in population in slow Covid recovery

UHERO Executive Director Carl Bonham told the House Select Committee on Covid Economic Impact & Preparedness Monday that the drop in population is based on UHERO’s baseline forecast for the state’s economy as it recovers from the Covid pandemic......»»

Category: topSource: bizjournalsJun 1st, 2020Related News

Budget Office Finds US Economy Won"t Return To Normal Until 2030

Budget Office Finds US Economy Won't Return To Normal Until 2030 Tyler Durden Mon, 06/01/2020 - 19:32 There goes the V-shaped recovery. In .....»»

Category: worldSource: nytJun 1st, 2020Related News